Question

Which of the following services are commonly provided by business incubators ?
a. Networking opportunities
b. Long-term financial investment
c. Legal and regulatory assistance
d. Research and Development funding Select the correct answer using the codes given below.

• A. a and b only
• B. c only
• C. c and d only
• D. a, c and d only

Hint:

Think of business incubators as nurturing environments that provide support and resources beyond just funding.

Answer 1

The Correct Option is D

Business incubators are organizations designed to support the growth and success of early-stage companies. They typically provide a range of resources and services. Let's evaluate each option:
a. Networking opportunities: Business incubators often facilitate connections between startups, mentors, investors, and other valuable contacts. This networking support is a common and crucial service they provide.
b. Long-term financial investment: While some incubators might offer seed funding or connections to investors, providing long-term financial investment is not a primary or common service of all business incubators. Venture capital firms and other investment groups are typically more focused on long-term funding.
c. Legal and regulatory assistance: Navigating legal and regulatory requirements can be challenging for startups. Many incubators offer guidance, workshops, or connections to legal professionals to help these young companies.
d. Research and Development funding: Some incubators, especially those affiliated with universities or specific industries, might provide or help secure funding for research and development activities. This is not a universal service but is common in certain types of incubators focused on innovation and technology.
Considering the common services provided by business incubators, networking opportunities (a), legal and regulatory assistance (c), and sometimes research and development funding (d) are frequently included. Long-term financial investment (b) is less commonly a direct service of most incubators. Therefore, the correct answer is (4) a, c and d only.